gary walton
Despite Growth, Lodging Turns Cautious
Virginia Tech | April 13, 2016
by Daniel Lesser The US lodging market has experienced its 72nd consecutive month of positive albeit decelerating growth in revenue per available room (RevPAR). Modest US job and wage growth as well as strong consumer spending endure, however, during the past several months, fear of a global economic downturn coupled with investor perception that the lodging industry has peaked has for now rendered the sector a dimming star. Hotel investment sales and financings are taking longer to complete as apprehension about achievable debt levels has widened mortgage spreads and lender underwriting has become increasingly rigorous. Additional unce...
Originally Built in 1882, The Fully-Restored Hotel Roanoke & Conference Center Joins Curio – A Collection by Hilton
the Hotel Roanoke & Conference Center | February 11, 2016
ROANOKE, Va. and MCLEAN, Va. - The Hotel Roanoke & Conference Center, with history dating back more than 130 years, has announced it will join Curio - A Collection by Hilton as the brand's first hotel in Virginia on February 28. As Hilton Worldwide's (NYSE: HLT) rapidly-expanding global collection of distinctive upscale and luxury hotels, Curio caters to passionate travelers seeking local discovery and authentic experiences. The fully-restored hotel - managed by Benchmark Resorts & Hotels and owned by Virginia Tech Real Estate Foundation - features local history throughout, and is connected to a state-of-the-art, 63,000-...
